20071231 1715. Happy New Year to all. Last Friday we already alluded to a technical condition in the KLCI cash market. Six straight days of gains and a resistance zone upside near the 1458 region. Having a plan to short the opening of the Dec 07 FKLI futures or just after that would pave the way for a good day trade into the settlement. Only the emotional stock players (who can only bet UP) would chase stocks after six consecutive days of gains... professional traders fade new highs into resistance zones.
0 Comments:
Post a Comment
<< Home